ES and NQ both with a quiet overnight session. Almost feels like markets getting back to pre tariff news action. ES 33 pts and NQ 147.75 pts range is a far cry from the 500+ of a week or so ago. Maybe the market is starting to realize that this is the new normal? I am sure a tweet positive or negative can bring us right back to volatility though. Anyway, the ES is inside previous range and value and my SLIS from last week is still holding strong. The NQ is in range but outside of value higher just missing my upper target on Friday. This will make today fairly easy for me in terms of technical analysis.
Let’s look at some levels…